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Jan 10, 2013
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china mobile is the largest telecom company in china. apple does not have a relationship with them right mow. because of that, people are hoping that he and the company who, of course, has other executives, will be able to somehow broker some sort of deal, if not on this trip, at some point this year in order to get access to the 700 million people and people are saying, this is going to be an amazing catalyst for the stock. >> yeah. we'll have to see how they do it. eunice, thanks for this for now. sales are going up in china, but their market share is slipping from four to six. it's before the latest phone large. why are they losing market share? what do they need to do? >> it's great to be here, ross. apple has doubled sales in 2012. they hit about 22 billion in sales in 2012. china has become their second largest market. but apple is underperforming the market share. they've dropped from fourth to six in smartphones in the last year. it's come down to this. they've doubled their number of stores to only eight in china which is only o
china mobile is the largest telecom company in china. apple does not have a relationship with them right mow. because of that, people are hoping that he and the company who, of course, has other executives, will be able to somehow broker some sort of deal, if not on this trip, at some point this year in order to get access to the 700 million people and people are saying, this is going to be an amazing catalyst for the stock. >> yeah. we'll have to see how they do it. eunice, thanks for...
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Jan 10, 2013
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tackling markets like china. you may not have the same type of consumer that you do over here in the united states that's willing to pay several hundred dollars for a phone, especially if you believe what jon fortt is saying where he's saying they may not be willing to pay the kind of subsidies that folks have gotten used to here in the states. >> china mobile has something to gain for a deal because iphone subscribers are known to be the most valuable for a telecom so, you know, china mobile risks some consumers in china flocking to, you know, the other carriers that carry the iphone. >> well, if we see no deal, let's say apple fails to win a deal, what would that mean for competitors? i mean, how important is this given the fact that so many technology companies are betting on this enormous population in china and throughout asia? >> it would be a huge loss for apple. i mean, they are already seeing subscriber share for the iphone in china go down to companies like samsung and lenovo so this would be a pretty b
tackling markets like china. you may not have the same type of consumer that you do over here in the united states that's willing to pay several hundred dollars for a phone, especially if you believe what jon fortt is saying where he's saying they may not be willing to pay the kind of subsidies that folks have gotten used to here in the states. >> china mobile has something to gain for a deal because iphone subscribers are known to be the most valuable for a telecom so, you know, china...
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Jan 10, 2013
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they can grow 5% to 7%, 5% would be very weak for china. we looked at the possibility of growing 3%, 3.5% in china, which, in our mind, would be a hard landing, you know, we don't trust chinese statistics on their economy, so, you know, this 1% latitude we give them. we did an analysis, sensitivity study, what if they hit 3%, it would be a collapse in their cap x. that's where they've grown the most over the recent years. that's where they're most vulnerable. they have huge debt loads. government may be pulling back on debt to some of these state-owned enterprises. we do have a major transition in chinese company, or chinese government taking place right now. it started in november and it will conclude in march and we don't know their full agenda or objectives, so, it's -- >> you actually did a analysis where you plugged that in, you saw what the impact would be around the world in terms of gdp, which we just showed our viewers, but also on commodities, various complexes, the oil, as we'll as metals here, so, why don't you walk us through t
they can grow 5% to 7%, 5% would be very weak for china. we looked at the possibility of growing 3%, 3.5% in china, which, in our mind, would be a hard landing, you know, we don't trust chinese statistics on their economy, so, you know, this 1% latitude we give them. we did an analysis, sensitivity study, what if they hit 3%, it would be a collapse in their cap x. that's where they've grown the most over the recent years. that's where they're most vulnerable. they have huge debt loads....
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Jan 10, 2013
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but it isn't all china. no, russia, brazil, and india all called out as beginning to reaccelerate and that plus steady albeit low growth in the united states and slow of the rate of decline in europe is contributing to the worldwide acceleration. europe can't drag down the world as fast as china pulls it up. where alcoa's projections are most encouraging is in the line-by-line items of each product line. wealth of potential for aluminum, the base products they think are going to climb because of a tightening of global inventories. specifically alcoa sees aerospace and automotive demand strengthening, albeit lower levels than last year, but it makes it difficult to see an even bigger ramp in 2013. aerospace, growing about 9% to 10%. down 13% or 14%, rooted in 8,900 orders for large aircraft, and good gains in regional and business jets, kleinfeld sees auto production going up to 16 million. that's back to pre-recession levels. while going from 7% to 10% growth in china, up from 6% to 7% growth last year. agai
but it isn't all china. no, russia, brazil, and india all called out as beginning to reaccelerate and that plus steady albeit low growth in the united states and slow of the rate of decline in europe is contributing to the worldwide acceleration. europe can't drag down the world as fast as china pulls it up. where alcoa's projections are most encouraging is in the line-by-line items of each product line. wealth of potential for aluminum, the base products they think are going to climb because...
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Jan 10, 2013
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positive data out of china. china exports came in much stronger than expected. jobless claims coming in 9,000 above consensus estimates. a higher open at this point, dow about 52 1/2, s&p looking to open up 8. as for the picture in europe, of course all eyes are on the esc presser, ecb and bank of england leaving rates unchanged. the question is will draghi open the door for the possibility of a cut. so that's on our radar. italy biggest gainer there up more than 1%. our road map this morning starts in washington. jack lew officially nominated as treasury chief. lew is known for his role in the being acrimonious talks in 2011. what could it mean this time. >> tiffany disappoints again with weaker holiday sales. there was weakness in the americas, strength in asia. so how much of a read through to the rest of retail is this earnings report? >>> nokia shares soaring this morning after a bullish outlook for the first quarter. >>> and herbal life's big day to defend itself against bill ackman's damning allegations. we'll have the latest and the ceo join us later in
positive data out of china. china exports came in much stronger than expected. jobless claims coming in 9,000 above consensus estimates. a higher open at this point, dow about 52 1/2, s&p looking to open up 8. as for the picture in europe, of course all eyes are on the esc presser, ecb and bank of england leaving rates unchanged. the question is will draghi open the door for the possibility of a cut. so that's on our radar. italy biggest gainer there up more than 1%. our road map this...
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Jan 10, 2013
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we've gone over china, the banks, and housing. we've told you that the autos and insurance stocks should be bought on weakness and aerospace can work. stay focused when your favorite companies in these sectors. and tonight i've got two new ones, two themes that aren't going away. if anything, i think they're accelerating in 2013. the first, when you speak of big themes, you cannot ignore the revolution in energy in this country. >> buy, buy, buy! >> we have so much of it, particularly so much natural gas it will not be just 2013, 2012, but a multi-year game changer. while we're thrilled about north american energy independence, and by the way, the american technology behind them, don't forget that, we need to ask, how can this theme make us money? i mean, this is "mad money," not mad energy sufficiency. who are the principal winners from years of ultra cheap natural gas to come? the answer, the chemical companies. the plastic makers. because they're the big beneficiaries of the remarkably low cost of natural gas related feed stock
we've gone over china, the banks, and housing. we've told you that the autos and insurance stocks should be bought on weakness and aerospace can work. stay focused when your favorite companies in these sectors. and tonight i've got two new ones, two themes that aren't going away. if anything, i think they're accelerating in 2013. the first, when you speak of big themes, you cannot ignore the revolution in energy in this country. >> buy, buy, buy! >> we have so much of it,...
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Jan 10, 2013
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apple's ceo tim cook met today with the chairman of china's biggest wireless carrier, china mobile. the company would only say that they talked about matters of cooperation but the meeting is raising hopes that apple can strike a deal for china mobile to offer its iphone. also deutsche bank made a profit of at least 500 million euros in 2008 from trades pegged to libor and other global interest rates. that's according to "the wall street journal," which cites internal documents. the revelation comes amid libor rigging investigations that are already resulting in settlements with barclays and ubs. >>> and stock exchange operator bats says a system error caused executions could create transactions not at the price available. the total dollar impact was just over $420,000 and it has disclosed the error to the s.e.c., the customers and to the public. >>> aig is now announcing it will not sue the u.s. government over terms of the company's multibillion dollar bailout. the insurer deciding not to join the legal action being led by former chief hank greenberg. ceo bob ben moshe explaining
apple's ceo tim cook met today with the chairman of china's biggest wireless carrier, china mobile. the company would only say that they talked about matters of cooperation but the meeting is raising hopes that apple can strike a deal for china mobile to offer its iphone. also deutsche bank made a profit of at least 500 million euros in 2008 from trades pegged to libor and other global interest rates. that's according to "the wall street journal," which cites internal documents. the...
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Jan 10, 2013
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good news out of china is good news for crude, right? the question is how are trading playing that news? jim, i want to start with you. is $100 for a barrel of crude right around the corner? >> i don't think it's right around the corner. i believe the china story is really, i believe in the domestic story here and i think saudi arabia wants to support the price of oil. i don't believe in buying crude when it's up 10.5% over the last couple of weeks. clearly the market has priced in a lot of that stuff. i'll be wrong if crude can go above $95 a barrel and feel comfortable there for a couple of days, then possibly i'll be in. i think you get better levels to buy probably and 90.50. >> do you feel it's overdone at this level? >> i absolutely feel it's overdone. wti showed a 30 million barrel sur applause year on year. even though the china dat ya yafs -- data was good, the eu posted information that was credible. we're going to hit resistance around 94.50 in that area. i'm going to sell it the first time out. >> don't you see $100 by summer
good news out of china is good news for crude, right? the question is how are trading playing that news? jim, i want to start with you. is $100 for a barrel of crude right around the corner? >> i don't think it's right around the corner. i believe the china story is really, i believe in the domestic story here and i think saudi arabia wants to support the price of oil. i don't believe in buying crude when it's up 10.5% over the last couple of weeks. clearly the market has priced in a lot...
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Jan 10, 2013
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obviously the data last night out of china was actually exceptional. we saw exports and imports both off the charts. we also saw the eurozone benefiting as well with the draghi comments this morning, so i think that all in all a steady issue goes, "people" people expecting a dip. a lot of people expecting s&p earnings to be negative but yet the markets are still up. the fiscal cliff went okay, actually bad in my view. we had no entitlement cuts. only $650 billion in new revenue but yet again we're higher so there's a lot of other things going on that areng this market. vietnam made a new bull market high last night. we have china. >> right. >> high, japan, topix and other bull market high. >> right. >> so there's many things to be positive about. >> a lot of positives. certainly a lot of positives. money on the sidelines. ben pace, there you go. you've got some challenges for the economy, and yet this market wants to go higher. how do you play is t and where's the best place to allocate capital? >> well, i think at these levels, maria, moving sideways
obviously the data last night out of china was actually exceptional. we saw exports and imports both off the charts. we also saw the eurozone benefiting as well with the draghi comments this morning, so i think that all in all a steady issue goes, "people" people expecting a dip. a lot of people expecting s&p earnings to be negative but yet the markets are still up. the fiscal cliff went okay, actually bad in my view. we had no entitlement cuts. only $650 billion in new revenue...
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Jan 10, 2013
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some in america, some in china. we couldn't run them without hannah. there is a huge opportunity at the other end. we can provide now hana for a very small companies together with the anallication called b1. so hana will be everywhere on all sap product but as you said, we also go forward in a nondisruptive mode for other data bases so the customer has choice. >> tell me about acquisitions. used to be sap was allergic to doing big acquisitions but over the past few years that changeed. you did success factors and the year about that you did side base multibillion dollar acquisitions. are you going to do another one any time soon? >> we're not allergic with regards to acquisitions, but you know, not all acquisitions work and there are a lot of failures. have you prominent ones here year around. so i was always careful and as a chairman, now also careful because that's the oversight the supervisory board has. >> but now that we -- >> we have a string of three good ones. >> yeah. >> so business object, when they said they are available, i said for my siti
some in america, some in china. we couldn't run them without hannah. there is a huge opportunity at the other end. we can provide now hana for a very small companies together with the anallication called b1. so hana will be everywhere on all sap product but as you said, we also go forward in a nondisruptive mode for other data bases so the customer has choice. >> tell me about acquisitions. used to be sap was allergic to doing big acquisitions but over the past few years that changeed....
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Jan 10, 2013
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remember, he will have to negotiate with china and with the world bank. he will have high level discussions and finish dodd-frank and finish the baz el three. those are all really important issues. and his lack of experience is an issue down here. i know people that would have, for example, supported robert. he is a wall street guy and would have faced as much opposition. >> john, is there anybody who could be nominated that wouldn't become a political fight. that this will be ultimately an ideological fight. >> any nominee gets a fight given how polarized our country is, ideological and partisan lines and jack lew will get some resistance based on the fact he doesn't have the wall street experience, business experience, based on the fact that some republicans didn't like being on the other side of the negotiating table with him during budget fights. but this is somebody whose ego is not out front. he is very low key. somebody that is going to be calm. this is part of the answer to what he o would do in a crisis. and i think jack lew will get through conf
remember, he will have to negotiate with china and with the world bank. he will have high level discussions and finish dodd-frank and finish the baz el three. those are all really important issues. and his lack of experience is an issue down here. i know people that would have, for example, supported robert. he is a wall street guy and would have faced as much opposition. >> john, is there anybody who could be nominated that wouldn't become a political fight. that this will be ultimately...
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Jan 10, 2013
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you know, in china, they're having these incidents in schools with greater frequency and they have no guns, it's being done with axes, swords, we've got to do something about these sort of people being loose. >> if we're going to talk about the mental health component which i absolutely believe we should having lived in california after proposition 13 passed and you had a lot of mentally ill people put right back on the streets, making our streets more dangerous. what that means is when we get to these talks about spending cuts and when states are talking about cuts, we have to be very careful what we're talking about and recognize that we may have to make those cuts, but this may be a consequence of some of those cuts if we can't get somebody in the private sector to make up the difference. >> i'll spend another buck or two to do it. but let me mention, on to a slightly different subject on this whole matter, that is joe biden meeting with the nra which fascinates me. it tells how smart a politician joe biden is. do you think he can pick up any support on anything with the nra? >> i
you know, in china, they're having these incidents in schools with greater frequency and they have no guns, it's being done with axes, swords, we've got to do something about these sort of people being loose. >> if we're going to talk about the mental health component which i absolutely believe we should having lived in california after proposition 13 passed and you had a lot of mentally ill people put right back on the streets, making our streets more dangerous. what that means is when...